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Title 64.2 Title 64.1 SUBTITLE I. GENERAL PROVISIONS CHAPTER 1. DEFINITIONS AND GENERAL PROVISIONS. Article 1. Definitions. 64.2-100. Definitions. 64.1-01, 64.1-45 64.2-101. Construction of generic terms. 64.1-71.1 Article 2. General Provisions. 64.2-102. Meaning of child and related terms. 64.1-5.1 64.2-103. Evidence of paternity. 64.1-5.2 64.2-104. Incorporation by reference into a will, power of 64.1-45.2 attorney or trust instrument. 64.2-105. Incorporation by reference of certain powers of 64.1-57 fiduciaries into will or trust instrument. 64.2-106. Grant of certain powers to personal 64.1-57.1 representative or trustee by circuit court. 64.2-107. Power granted to personal representatives to 64.1-57.2 make election regarding marital deduction as to certain qualifying terminable interest property; binding effect of election. 64.2-108. Power granted to personal representatives and 64.1-57.3 trustees to donate conservation easements. SUBTITLE II. WILLS AND DECEDENTS ESTATES. CHAPTER 2. DESCENT AND DISTRIBUTION. 64.2-200. Course of descents generally; right of 64.1-1 Commonwealth if no other heir 64.2-201. Distribution of personal estate. 64.1-11, 64.1-12 64.2-202. When persons take per capita and when per 64.1-2, 64.1-3 stirpes; collaterals of the half blood. 64.2-203. Inheritance rights of certain individuals. 64.1-4, 64.1-6.1 64.2-204. Afterborn heirs. 64.1-8.1 64.2-205. Right of entry or action for land not affected by 64.1-10 descent cast. 64.2-206. Advancements brought into hotchpot. 64.1-17 CHAPTER 2. RIGHTS OF MARRIED PERSONS. Article 1. Elective Share of Surviving Spouse. 64.2-300. Definitions. 64.1-16.1, 64.1-16.2 64.2-301. Dower or curtesy abolished. 64.1-19.2 64.2-302. When and how elective share may be claimed 64.1-13 by surviving spouse. 64.2-303. Extension of time until after determination of 64.1-14 action for construction of will or extent of augmented 1

estate. 64.2-304. Rights upon claiming an elective share. 64.1-16 64.2-305. Augmented estate; exclusions; valuation. 64.1-16.1 64.2-306. Charging spouse with the value of property 64.1-16.2 received; liability of others for balance of elective share. 64.2-307. Rights in family residence. 64.1-16.4 64.2-308. Statutory rights barred by desertion or 64.1-16.3 abandonment. Article 2. Exempt Property and Allowances. 64.2-309. Family allowance. 64.1-151.1, 64.1-151.4 64.2-310. Exempt property. 64.1-151.2 64.2-311. Homestead allowance. 64.1-151.3 64.2-312. Source, determination, and documentation of 64.1-151.4 family allowance, exempt property, and homestead allowance; petition for relief. 64.2-313. When and how exempt property and allowances 64.1-151.5 may be claimed. 64.2-314. Waiver. 64.1-151.6 Article 3. Uniform Disposition of Community Property Rights at Death Act. 64.2-315. Application. 64.1-197 64.2-316. Presumptions. 64.1-198 64.2-317. Disposition upon death. 64.1-199 64.2-318. Perfection of title of surviving spouse. 64.1-200 64.2-319. Perfection of title of personal representative, 64.1-201 heir or devisee. 64.2-320. Purchaser for value or lender. 64.1-202 64.2-321. Creditor's rights. 64.1-203 64.2-322. Acts of married persons. 64.1-204 64.2-323. Limitations on testamentary disposition. 64.1-205 64.2-324. Uniformity of application and construction. 64.1-206 CHAPTER 4. WILLS. Article 1. Requisites and Execution. 64.2-400. Separate writing identifying recipients of 64.1-45.1 tangible personal property; liability for distribution; action to recover property. 64.2-401. Who may make a will; what estate may be 64.1-46, 64.1-47 disposed of. 64.2-402. Advertisements to draw wills prohibited; 64.1-48 penalty. 64.2-403. Execution of wills; requirements. 64.1-49 64.2-404. Writings intended as wills. 64.1-49.1 2

64.2-405. Interested persons as competent witnesses. 64.1-51 64.2-406. When exercise of power of appointment by will 64.1-50 valid. 64.2-407. Will of personal estate of nonresidents. 64.1-53 64.2-408. Presumption of formal execution of wills made 64.1-53, 64.1-54 by persons in military service; will of personal estate of persons in military service and seamen. 64.2-409. Wills of living persons lodged for safekeeping 64.1-56 with clerks of certain courts. Article 2. Revocation, etc. 64.2-410. Revocation of wills generally. 64.1-58.1 64.2-411. Revival of wills after revocation. 64.1-60 64.2-412. Revocation by divorce or annulment; revival 64.1-59 upon remarriage; no revocation by other change. 64.2-413. Effect of subsequent conveyance on will. 64.1-61 Article 3. Construction and Effect. 64.2-414. When wills deemed to speak. 64.1-62, 64.1-72 64.2-415. How certain bequests and devises to be 64.1-62.3, 64.1-66 construed; nonademption in certain cases. 64.2-416. Devises and bequests that fail; how to pass. 64.1-65.1 64.2-417. When advancement deemed satisfaction of 64.1-417 devise or bequest. 64.2-418. When children or descendants of devisee or 64.1-64.1 legatee to take estate. 64.2-419. Provision for omitted children when no child 64.1-70 living when will made. 64.2-420. Provision for omitted children when child living 64.1-71 when will made. 64.2-421. Construction of certain conditions of spouse's 64.1-66.2 survivorship. 64.2-422.When omitted spouse to take intestate portion. 64.1-69.1 64.2-423. Exercise of power of appointment. 64.1-67.1 64.2-424. When direction to purchase annuity binding on 64.1-69 legatee. 64.2-425. Interest on pecuniary legacies. 64.1-68 64.2-426. Testamentary additions to trusts by testator 64.1-73 dying on or after July 1, 1994, and before July 1, 1999. 64.2-427. Testamentary additions to trusts by testator 64.1-73.1 dying after June 30, 1999.. 64.2-428. Distribution of assets by fiduciaries in 64.1-74 satisfaction of pecuniary bequests or transfers in trust of pecuniary amount. 64.2-429. Construction of trust provisions otherwise 64.1-74.1 3

eligible for the election permitted under Section 2056 (b) (7) of the Internal Revenue Code. 64.2-430. Certain marital deduction formula clauses to be construed to refer to federal marital deduction allowable if decedent had died on December 31, 1981. 64.2-431. Certain powers of appointment construed to refer to federal gift tax exclusion in effect on date of execution. 64.2-432. Certain formula clauses to be construed to refer to federal estate and generation-skipping transfer tax laws applicable to estates of decedents dying in 2010. 64.1-62.1 64.1-62.2 64.1-62.4 Article 4. Uniform International Wills Act. 64.2-433. Definitions. 64.1-96.2 64.2-434. Validity. 64.1-96.3 64.2-435. Requirements. 64.1-96.4 64.2-436. Other points of form. 64.1-96.5 64.2-437. Certificate. 64.1-96.6 64.2-438. Effect of certificate. 64.1-96.7 64.2-439. Revocation. 64.1-96.8 64.2-440. Source and construction. 64.1-96.9 64.2-441. Persons authorized to act in relation to 64.1-96.10 international will; eligibility; recognition by authorizing agency. 64.2-442. International will information registration. 64.1-96.11 Article 5. Probate. 64.2-443. Jurisdiction of probate of wills. 64.1-75, 64.1-76 64.2-444. Clerks may probate wills. 64.1-77 64.2-445. Appeal from order of clerk. 64.1-78 64.2-446. Motion for probate; process against persons interested in probate. 64.1-79, 64.1-80, 64.1-82, 64.1-83, 64.1-85 64.2-447. Use of depositions. 64.1-87 64.2-448. Complaint to impeach or establish a will; limitation of action; venue. 64.1-84, 64.1-88, 64.1-89, 64.1-90 64.2-449. Procedure in probate proceedings. 64.1-81, 64.1-86, 64.1-91 64.2-450. Probate of copy of will proved outside the 64.1-92 Commonwealth; authenticated copy. 64.2-451. Appointment of curator; when made; his duties. 64.1-93 64.2-452. How will may be made self-proved; affidavit of 64.1-87.1 witnesses. 64.2-453. How will may be made self-proved; 64.1-87.2 acknowledgment of witnesses. 64.2-454. Appointment of administrator for prosecution of 64.1-75.1 action for personal injury or wrongful death against or on 4

behalf of estate of deceased resident or nonresident. Article 6. Recordation and Effect. 64.2-455. Wills to be recorded; recording copies; effect; transfer to The Library of Virginia. 64.2-456. Bona fide purchaser of real estate without notice of devise protected. 64.2-457. Bona fide purchaser of real estate without notice of devise protected; later will. 64.2-458. Bona fide purchaser of real estate without notice of devise protected; intestacy. 64.1-94 64.1-95 64.1-96 64.1-96.1 CHAPTER 5. PERSONAL REPRESENTATIVES AND ADMINISTRATION OF ESTATES. Article 1. Appointment and Qualification. 64.2-500. Grant of administration with the will annexed. 64.1-116 64.2-501. Oath of executor or administrator with the will 64.1-117 annexed. 64.2-502. Grant of administration of intestate estate. 64.1-118, 64.1-119 64.2-503. Oath and bond of administrator of intestate 64.1-119 estate. 64.2-504. Bond of executor or administrator. 64.1-120 64.2-505. When security not required. 64.1-121 64.2-506. When letters of administration and order for 64.1-122 obtaining probate in due form are required. 64.2-507. Clerks to deliver statement of responsibilities. 64.1-122.1 64.2-508. Written notice of probate, qualification, and 64.1-122.2 entitlement to copies of inventories, accounts, and reports to be provided to certain parties. Article 2. List of Heirs and Affidavit of Real Estate. 64.2-509. List of heirs. 64.1-134 64.2-510. Affidavit relating to real estate of intestate 64.1-135 decedent. Article 3. Authority and General Duties. 64.2-511. Powers of executor before qualification. 64.1-136 64.2-512. Funeral expenses. 64.1-136.1 64.2-513. Effect of death, resignation, or removal of sole 64.1-137 executor. 64.2-514. Duty of every personal representative. 64.1-139 64.2-515. Duty of fiduciaries as to joint accounts. 64.1-140 64.2-516. Duties of fiduciaries as to certain obligations of 64.1-141 the United States. 64.2-517. Exercise of discretionary powers by surviving 64.1-142 5

executors or administrators with the will annexed. 64.2-518. When personal representative may renew obligation of decedent. 64.2-519. Suits upon judgment and contracts of decedent and for personal injury or wrongful death. 64.2-520. Action for goods carried away, or for waste, destruction, or damage to estate of decedent. Article 4. Power With Respect to Real Estate. 64.2-521. Personal representatives to sell real estate devised to be sold, and receive certain rents. 64.2-522. Personal representatives to pay over sale proceeds and rents to persons entitled. 64.2-523. Personal representative may execute deed pursuant to written contract of decedent. 64.2-524. Validation of certain conveyances by foreign executor. 64.1-143 64.1-144 64.1-145 64.1-146, 64.1-147 64.1-151 64.1-148 64.1-149, 64.1-150 Article 5. Liability of Personal Estate to Debts. 64.2-525. Debtor's appointment as executor. 64.1-152 64.2-526. What personal estate not to be sold; use of 64.1-153, 64.1-154, 64.1- proceeds. 155 64.2-527. Estate held for another's life; inclusion in 64.1-156 personal estate. 64.2-528. Order in which debts and demands of decedents 64.1-157 to be paid. 64.2-529. Creditors to be paid in order of their 64.1-158 classification; class paid ratably; when representative not liable for paying debt. 64.2-530. Lien acquired during lifetime of decedent not 64.1-159 affected. 64.2-531. Nonexoneration; payment of lien if granted by 64.1-157.1 agent. Article 6. Liability of Real Estate to Debts. 64.2-532. Real estate of decedent as assets for payment of 64.1-181 debts. 64.2-533. Administration of assets for payment of debts. 64.1-182 64.2-534. Liability of heir or devisee for value of real 64.1-183 estate sold and conveyed; validity of premature conveyances. 64.2-535. When sale and conveyance within one year 64.1-184 valid against creditors; proceeds paid to special commissioner; bond to obtain proceeds. 64.2-536. Liability of heir or devisee; action by personal 64.1-185 6

representative or creditor; recording notice of lis pendens; evidence. 64.2-537. Action to enforce claim of less than $20; notice. 64.1-186 64.2-538. Lien acquired during lifetime of decedent not 64.1-187 affected. Article 7. Apportionment of Estate Taxes. 64.2-539. Definitions. 64.1-160 64.2-540. Apportionment required. 64.1-161 64.2-541. Recovery by executor when part of estate not in 64.1-162 his possession. 64.2-542. Transfers not required until tax ascertained or 64.1-163 security given. 64.2-543. Contrary provisions of will or other instrument 64.1-165 to govern. 64.2-544. Construction of direction to pay all taxes 64.1-165.1 imposed on account of testator's death. Article 8. Liability of Representatives; Administrators de Bonis Non. 64.2-545. Transfer of assets to administrator de bonis non; 64.1-166 administration of assets. 64.2-546. Action against representative of executor for 64.1-167 waste. 64.2-547. Revival of judgment by administrator de bonis 64.1-168 non. 64.2-548. Action against surety of personal representative; 64.1-169, 64.1-170 procedure. 64.2-549. Liability of personal representative or his surety. 64.1-170 Article 9. Settlement of Accounts and Distribution. 64.2-550. Proceedings for receiving proof of debts by 64.1-171, 64.1-172 commissioners of accounts. 64.2-551. Account of debts by commissioners of accounts. 64.1-172 64.2-552. How claims filed before commissioners of 64.1-173 accounts; tolling of limitations period. 64.2-553. When court to order payment of debts. 64.1-174, 64.1-175, 64.1-176 64.2-554. When distribution may be required; refunding 64.1-177 bond. 64.2-555. When fiduciaries are protected by refunding 64.1-178 bonds. 64.2-556. Order to creditors to show cause against 64.1-179 distribution of estate to legatees or distributees; liability of legatees or distributes to refund. 7

64.2-557. Form for notice to show cause under 64.2-556. 64.2-558. Distribution to persons standing in loco parentis to certain beneficiaries. 64.1-180 64.1-180.1 CHAPTER 6. TRANSFERS WITHOUT QUALIFICATION. Article 1. Virginia Small Estate Act. 64.2-600. Definitions. 64.1-132.1 64.2-601. Payment or delivery of small asset by affidavit. 64.1-132.2 64.2-602. Payment or delivery of small asset valued at 64.1-132.3 $15,000 or less without affidavit. 64.2-603. Discharge and release of payor. 64.1-132.4 64.2-604. Payment or delivery of small asset; funeral 64.1-132.5 expenses. 64.2-605. Construction of article. 64.1-132.6 Article 2. Payments, Settlements, or Administration Without Appointment of Representative. 64.2-606. Transfer of certain vessels registered with 64.1-123.2 United States Bureau of Customs. 64.2-607. Transfer of evidences of indebtedness, 64.1-128 securities, and stock held in decedents' estates. 64.2-608. Transfer of securities of nonresident decedents. 64.1-129 64.2-609. Money and personal property belonging to 64.1-130 nonresident decedents. 64.2-610. When court may allow another to qualify on 64.1-131 estate. 64.2-611. Disposition by sheriff of property when no 64.1-132 person entitled thereto. Article 3. Uniform Transfers on Death (TOD) Security Registration Act. 64.2-612. Definitions. 64.1-206.1 64.2-613. Registration in beneficiary form; sole or joint 64.1-206.2 tenancy ownership; applicable law. 64.2-614. Origination of registration in beneficiary form. 64.1-206.3 64.2-615. Form of registration in beneficiary form; effect. 64.1-206.4 64.2-616. Ownership on death of owner. 64.1-206.5 64.2-617. Protection of registering entity. 64.1-206.6 64.2-618. Nontestamentary transfer on death. 64.1-206.7 64.2-619. Terms, conditions, and forms for registration; 64.1-206.8 examples. Article 4. Nonprobate Transfers on Death 8

64.2-620. Nonprobate transfers on death. 64.1-45.3 SUBTITLE III. TRUSTS. CHAPTER 7. UNIFORM TRUST CODE. Article 1. General Provisions and Definition. 64.2-700. Scope. 55-541.02 64.2-701. Definitions. 55-541.03 64.2-702. Knowledge. 55-541.04 64.2-703. Default and mandatory rules. 55-541.05 64.2-704. Common law of trusts; principles of equity. 55-541.06 64.2-705. Governing law. 55-541.07 64.2-706. Principal place of administration. 55-541.08 64.2-707. Methods and waiver of notice. 55-541.09 64.2-708. Others treated as qualified beneficiaries. 55-541.10 64.2-709. Nonjudicial settlement agreements. 55-541.11 Article 2. Judicial Proceedings. 64.2-710. Role of court in administration of trust. 55-542.01 64.2-711. Jurisdiction over trustee and beneficiary. 55-542.02 64.2-712. Proceedings to appoint or remove trustees. 55-542.05 64.2-713. Pleadings; parties; orders; notice. 55-542.06 Article 3. Representation. 64.2-714. Representation; basic effect. 55-543.01 64.2-715. Representation by holder of general 55-543.02 testamentary power of appointment. 64.2-716. Representation by fiduciaries and parents or 55-543.03 other ancestors. 64.2-717. Representation by person having substantially 55-543.04 identical interest. 64.2-718. Appointment of representative. 55-543.05 Article 4. Creation, Validity, Modification, and Termination of Trust. 64.2-719. Methods of creating trust. 55-544.01 64.2-720. Requirements for creation. 55-544.02 64.2-721. Trusts created in other jurisdictions. 55-544.03 64.2-722. Trust purposes. 55-544.04 64.2-723. Charitable purposes; enforcement. 55-544.05 64.2-724. Creation of trust induced by fraud, duress, or 55-544.06 undue influence. 64.2-725. Evidence of oral trust. 55-544.07 64.2-726. Trust for care of animal. 55-544.08 64.2-727. Noncharitable trust without ascertainable 55-544.09 beneficiary. 9

64.2-728. Modification or termination of trust; 55-544.10 proceedings for approval or disapproval. 64.2-729. Modification or termination of noncharitable 55-544.11 irrevocable trust by consent. 64.2-730. Modification or termination because of 55-544.12 unanticipated circumstances or inability to administer trust effectively. 64.2-731. Cy pres. 55-544.13 64.2-732. Modification or termination of uneconomic 55-544.14 trust. 64.2-733. Reformation to correct mistakes. 55-544.15 64.2-734. Modification to achieve settlor's tax objectives. 55-544.16 64.2-735. Combination and division of trusts. 55-544.17 64.2-736. Amendment of trust where gift, grant, or will 55-544.18 establishes private foundation or constitutes a charitable trust or a split-interest trust. 64.2-737. Distribution of income of trust that is a private 55-544.19 foundation or a charitable trust; prohibitions as to such private foundation. 64.2-738. Prohibitions as to trust that is deemed a splitinterest trust. 55-544.20 64.2-739. Application of 64.2-737 and 64.2-738. 55-544.21 64.2-740. Interpretation of references to Internal Revenue 55-544.22 Code in 64.2-736 through 64.2-739. 64.2-741. Powers of courts not impaired by 64.2-736 55-544.23 through 64.2-740; severability. Article 5. Creditor s Claims; Spendthrift and Discretionary Trusts. 64.2-742. Rights of beneficiary's creditor or assignee. 55-545.01 64.2-743. Spendthrift provision. 55-545.02 64.2-744. Exceptions to spendthrift provision. 55-545.03 64.2-745. Certain claims for reimbursement for public 55-545.03:1 assistance. 64.2-746. Discretionary trusts; effect of standard. 55-545.04 64.2-747. Creditor's claim against settlor. 55-545.05 64.2-748. Overdue distribution. 55-545.06 64.2-749. Personal obligations of trustee. 55-545.07 Article 6. Revocable Trusts. 64.2-750. Capacity of settlor of revocable trust. 55-546.01 64.2-751. Revocation or amendment of revocable trust. 55-546.02 64.2-752. Settlor's powers; powers of withdrawal. 55-546.03 64.2-753. Limitation on action contesting validity of 55-546.04 revocable trust; distribution of trust property. 10

Article 7. Office of Trustee. 64.2-754. Accepting or declining trusteeship. 55-547.01 64.2-755. Trustee's bond. 55-547.02 64.2-756. Cotrustees. 55-547.03 64.2-757. Vacancy in trusteeship; appointment of 55-547.04 successor. 64.2-758. Resignation of trustee. 55-547.05 64.2-759. Removal of trustee. 55-547.06 64.2-760. Delivery of property by former trustee. 55-547.07 64.2-761. Compensation of trustee. 55-547.08 64.2-762. Reimbursement of expenses. 55-547.09 Article 8. Duties and Powers of Trustee. 64.2-763. Duty to administer trust and invest. 55-548.01 64.2-764. Duty of loyalty. 55-548.02 64.2-765. Impartiality. 55-548.03 64.2-766. Prudent administration. 55-548.04 64.2-767. Costs of administration. 55-548.05 64.2-768. Trustee's skills. 55-548.06 64.2-769 Delegation by trustee. 55-548.07 64.2-770. Powers to direct. 55-548.08 64.2-771. Control and protection of trust property. 55-548.09 64.2-772. Recordkeeping and identification of trust 55-548.10 property. 64.2-773. Enforcement and defense of claims. 55-548.11 64.2-774. Collecting trust property. 55-548.12 64.2-775. Duty to inform and report. 55-548.13 64.2-776. Discretionary powers; tax savings. 55-548.14 64.2-777. General powers of trustee. 55-548.15 64.2-778. Specific powers of trustee. 55-548.16 64.2-779. Distribution upon termination. 55-548.17 Article 9. Uniform Prudent Investor Act. 64.2-780. Definition of terms. 26.45.13 64.2-781. Prudent investor rule. 26-45.3 64.2-782. Standard of care; portfolio strategy; risk and 26-45.4 return objectives. 64.2-783. Diversification by trustee. 26-45.5 64.2-784. Duties at inception of trusteeship. 26-45.6 64.2-785. Loyalty and impartiality. 26-45.7 64.2-786. Investment costs 26-45.8 64.2-787. Reviewing compliance 26-45.9 64.2-788. Delegation of investment and management 26-45.10 functions. 11

64.2-789. Language invoking standard of article. 26-45.11 64.2-790. Application to existing trusts. 26-45.12 64.2-791. Uniformity of application and construction. 26-45.14 Article 10. Liability of Trustees and Rights of Persons Dealing with Trustee. 64.2-792. Remedies for breach of trust. 55-550.01 64.2-793. Damages for breach of trust. 55-550.02 64.2-794. Damages in absence of breach. 55-550.03 64.2-795. Attorney fees and costs. 55-550.04 64.2-796. Limitation of action against trustee. 55-550.05 64.2-797. Reliance on trust instrument. 55-550.06 64.2-798. Event affecting administration or distribution. 55-550.07 64.2-799. Exculpation of trustee. 55-550.08 64.2-800. Beneficiary's consent, release, or ratification. 55-550.09 64.2-801. Limitation on personal liability of trustee. 55-550.10 64.2-802. Interest as general partner. 55-550.11 64.2-803. Protection of person dealing with trustee. 55-550.12 64.2-804. Certification of trust. 55-550.13 Article 11. Miscellaneous Provisions. 64.2-805. Uniformity of application and construction. 55-551.01 64.2-806. Electronic records and signatures. 55-551.02 64.2-807. Severability clause. 55-551.03 64.2-808. Application to existing relationships. 55-551.06 CHAPTER 8. [RESERVED.] CHAPTER 9. UNIFORM CUSTODIAL TRUST ACT. 64.2-900. Definitions. 55-34.1 64.2-901. Custodial trust; creation and termination; 55-34.2 general provisions. 64.2-902. Custodial trustee for future payment or transfer. 55-34.3 64.2-903. Form and effect of receipt and acceptance by 55-34.4 custodial trustee; jurisdiction. 64.2-904. Transfer to custodial trustee by fiduciary or 55-34.5 obligor; facility of payment. 64.2-905. Multiple beneficiaries; separate custodial trusts; 55-34.6 survivorship. 64.2-906. General duties of custodial trustee. 55-34.7 64.2-907. General powers of custodial trustee. 55-34.8 64.2-908. Use of custodial trust property. 55-34.9 64.2-909. Determination of incapacity; effect. 55-34.10 64.2-910. Exemption of third person from liability. 55-34.11 64.2-911. Liability to third person; exceptions. 55-34.12 12

64.2-912. Declination, resignation, incapacity, death, or 55-34.13 removal of custodial trustee; designation of successor. 64.2-913. Expenses, compensation, and bond of custodial 55-34.14 trustee. 64.2-914. Reporting and accounting by custodial trustee; 55-34.15 determination of liability. 64.2-915. Limitations of action against custodial trustee. 55-34.16 64.2-916. Distribution on termination. 55-34.17 64.2-917. Methods and forms for creating custodial trusts. 55-34.18 64.2-918. Applicable law. 55-34.19 CHAPTER 10. UNIFORM PRINCIPAL AND INCOME ACT. Article 1. Definitions and Fiduciary Duties. 64.2-1000. Definitions. 55-277.2 64.2-1001. Fiduciary duties; general principles. 55-277.3 64.2-1002. Fiduciary's power to adjust. 55-277.4 64.2-1003. Total return unitrust. 55-277.4:1 Article 2. Decedent's Estate or Terminating Income Interest. 64.2-1004. Determination and distribution of net income. 55-277.5 64.2-1005. Distribution to residuary and remainder 55-277.6 beneficiaries. Article 3. Apportionment at Beginning and End of Income Interest. 64.2-1006. When right to income begins and ends. 55-277.7 64.2-1007. Apportionment of receipts and disbursements 55-277.8 when decedent dies or income interest begins. 64.2-1008. Apportionment when income interest ends. 55-277.9 Article 4. Allocation of Receipts During Administration of Trust. Part 1. Receipts from Entities. 64.2-1009. Character of receipts. 55-277.10 64.2-1010. Distribution from trust or estate. 55-277.11 64.2-1011. Business and other activities conducted by 55-277.12 trustee. Part 2. Receipts Not Normally Apportioned. 64.2-1012. Principal receipts. 55-277.13 64.2-1013. Rental property. 55-277.14 64.2-1014. Obligation to pay money. 55-277.15 64.2-1015. Insurance policies and similar. 55-277.16 13

Part 3. Receipts Normally Apportioned. 64.2-1016. Insubstantial allocations not required. 55-277.17 64.2-1017. Deferred compensation, annuities, and similar 55-277.18 payments. 64.2-1018. Liquidating asset. 55-277.19 64.2-1019. Minerals, water, and other natural resources. 55-277.20 64.2-1020. Timber. 55-277.21 64.2-1021. Property not productive of income. 55-277.22 64.2-1022. Derivatives and options. 55-277.23 64.2-1023. Asset-backed securities. 55-277.24 Article 5. Allocation of Disbursements During Administration of Trust. 64.2-1024. Disbursements from income. 55-277.25 64.2-1025. Disbursements from principal. 55-277.26 64.2-1026. Transfers from income to principal for 55-277.27 depreciation. 64.2-1027. Transfers from income to reimburse principal. 55-277.28 64.2-1028. Income taxes. 55-277.29 64.2-1029. Adjustments between principal and income 55-277.30 because of taxes. Article 6. Miscellaneous Provisions. 64.2-1030. Expenses and receipts; nontrust estates. 55-277.31 64.2-1031. Uniformity of application and construction. 55-277.32 64.2-1032. Application of chapter to existing trusts 55-277.33 decedent's estates and nontrust estates. CHAPTER 11. UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT. 64.2-1100. Definitions. 55-268.12 64.2-1101. Standard of conduct in managing and investing 55-268.13 institutional fund. 64.2-1102. Appropriation for expenditure or accumulation 55-268.14 of endowment fund; rules of construction. 64.2-1103. Delegation of management and investment 55-268.15 functions. 64.2-1104. Release or modification of restrictions on 55-268.16 management, investment, or purpose. 64.2-1105. Reviewing compliance. 55-268.17 64.2-1106. Application to existing institutional funds. 55-268.18 64.2-1107. Relation to Electronic Signatures in Global and 55-268.19 National Commerce Act. 14

64.2-1108. Uniformity of application and construction. 55-268.20 SUBTITLE IV. FIDUCIARIES AND GUARDIANS. PART A. FIDUCIARIES. CHAPTER 12. COMMISSIONERS OF ACCOUNTS. 64.2-1200. Commissioners of accounts. 26-8 64.2-1201. Appointment of assistant commissioners of 26-10 accounts; duties and powers. 64.2-1202. Appointment of deputy commissioners of 26-10.1 accounts in certain cities and counties; duties and powers. 64.2-1203. Subpoena powers of commissioners of 26-8.1 accounts, assistants, and deputies; penalty. 64.2-1204. Commissioners of accounts to examine and 26-2 report on bonds and whether fiduciaries should be removed. 64.2-1205. Commissioners of accounts to inspect and file 26-14 inventories with clerks. 64.2-1206. Settlement of fiduciaries accounts. 26-17.3 64.2-1207. Settlement for year to include unsettled portion 26-28 of preceding year. 64.2-1208. Expenses and commissions allowed 26-30 fiduciaries. 64.2-1209. Who may insist or object before commissioner 26-29 of accounts. 64.2-1210. Accounts and debts and demands to be 26-31 reported. 64.2-1211. Where filed; notice to certain parties. 26-32 64.2-1212. Exceptions to report; examination, correction, 26-33 and confirmation. 64.2-1213. Effect of confirmation of report. 26-34 64.2-1214. Recordation of report. 26-35 64.2-1215. Power of commissioner of accounts to enforce 26-13 the filing of inventories. 64.2-1216. Failure to account; enforcement. 26-18 64.2-1217. Forfeiture of fiduciary s commission. 26-19 64.2-1218. When fiduciaries personally liable for costs. 26-23 64.2-1219. Fees of commissioners of accounts. 26-24 64.2-1220. Receipt for vouchers filed in settlement; effect 26-26 thereof. 64.2-1221. Report of fiduciaries bonds; record of 26-9 fiduciaries. 64.2-1222. Commissioner of accounts to post list of 26-27 fiduciaries whose accounts are before them for settlement. CHAPTER 13. INVENTORIES AND ACCOUNTS. 15

64.2-1300. Inventories to be filed with commissioners of 26-12 accounts. 64.2-1301. When inventory and settlement not required. 26-12.2 64.2-1302. Waiver of inventory and settlement for certain 26-12.3 cases. 64.2-1303. Copies of inventories and accounts to be 26-12.4 provided by personal representatives. 64.2-1304. Personal representatives. 26-17.5 64.2-1305. Conservators, guardians of minors estates, 26-17.4 committees, trustees under 64.2-2016, and receivers. 64.2-1306. Testamentary trustees. 26-17.6 64.2-1307. Testamentary trustees under a will waiving 26-17.7 accounts; waiver where beneficiary also trustee. 64.2-1308. Forms for inventories and accounts. 26-12.1; 26-17.3 64.2-1309. Accounts of sales under deeds of trust. 26-15 64.2-1310. Recordation of inventories and accounts of 26-16 sales. 64.2-1311. Vouchers and statement of assets on hand; 26-17.9 direct payments to account; vouchers for IRS payments. 64.2-1312. Report to circuit court; death of fiduciary; 26-17.10 fiduciary for recipient of federal benefits. 64.2-1313. Exhibition of accounts when sum does not 26-20 exceed certain amount. 64.2-1314. Statement in lieu of settlement of accounts by 26-20.1 personal representatives in certain circumstances. 64.2-1315. Certification and recording of accounts settled 26-21 in a judicial proceeding. 64.2-1316. Settlement of fiduciary s accounts by 26-25 commissioner in chancery; report to commissioner of accounts. 64.2-1317. Disposition of papers relating to estates. 26-37 CHAPTER 14. FIDUCIARIES GENERALLY. Article 1. Appointment, Qualification, Resignation, and Removal of Fiduciaries. 64.2-1400. Authority to qualify trustee; necessity for 26-46.1 security; notice of qualification; qualification by less than all of trustees named. 64.2-1401. Jurisdiction for qualification of testamentary 26-46.2, 26-46.3 trustee; qualification and bond; when surety not required. 64.2-1402. Jurisdiction for qualification of certain 26-46.3 testamentary trustees and trustees generally. 64.2-1403. Qualification of trustees. 26-1.1 64.2-1404. New fiduciary appointed when authority of 26-47 former revoked. 16

64.2-1405. Court may appoint trustee in place of one 26-48 named in will, deed, or other writing; management by corporate trustee outside of the Commonwealth. 64.2-1406. Notice required; certain substitutions validated. 26-50 64.2-1407. Who to execute the trust until new trustee 26-51 appointed. 64.2-1408. Circuit court may exercise same powers in suit 26-52 to enforce or administer trust. 64.2-1409. Information to be provided to clerk by 26-1.2 fiduciary. 64.2-1410. When court may require new bond or revoke 26-3 authority; giving new bond upon motion of fiduciary, surety, or other party in interest. 64.2-1411. When fiduciary may qualify without security. 26-4 64.2-1412. How trustee required to give bond; when to be 26-1 removed and another appointed. 64.2-1413. Placing certain trust assets in designated 26-45.2 financial institutions; waiver or reduction of bond of fiduciary. 64.2-1414. Effect of orders of qualification of bank as 26-7.5 committee or guardian. 64.2-1415. Liability for losses by negligence or failure to 26-5 make defense. 64.2-1416. Liability of fiduciary for actions of 26-5.2 cofiduciary. 64.2-1417. How judgment may be entered against 26-6 personal representative, conservator, or committee. 64.2-1418. Court order for payments due from fiduciaries; 26-7 effect. 64.2-1419. Execution of fiduciary bond or appointment of 26-7.1 agent designates clerk as attorney for service of process. 64.2-1420. Clerk to mail notice, process, or rule to person 26-7.2 served. 64.2-1421. What judgment or decree based upon service 26-7.3 upon clerk shall specifically adjudicate. 64.2-1422. Environmental liability of fiduciaries. 26-7.4 64.2-1423. Trustee not disqualified due to status as 26-58 stockholder, employee, or officer of corporate noteholder; sale of property by trustee not voidable. 64.2-1424. Resignation by fiduciary of his trust. 26-46 64.2-1425. How securities transferred to successor. 26-56 Article 2. Nonresident Trustees. 64.2-1426. Nonresident fiduciaries. 26-59 64.2-1427. How property of nonresident infant or 26-60 incapacitated person transferred to foreign guardian, 17

conservator, or committee. 64.2-1428. Transfer of proceeds of sale of real estate of 26-61 nonresident beneficiary to foreign fiduciary. 64.2-1429. Notice and bond required prior to transfer. 26-62 64.2-1430. When bond may be dispensed with. 26-63 64.2-1431. Sale of property and payment of proceeds to 26-66 nonresident trustee. 64.2-1432. Discharge from liability of resident guardian, 26-67 committee, conservator, or trustee. CHAPTER 15. INVESTMENTS. 64.2-1500. Court orders regarding money in possession of fiduciary. 64.2-1501. Time within which guardian of an estate, conservator, or other fiduciary to invest funds; reasonable diligence required. 64.2-1502. In what securities fiduciaries may invest; definitions. 64.2-1503. Investment in bonds or other obligations issued, guaranteed, or assured by Inter-American Development Bank. 64.2-1504. Investments in municipal bonds by banks or trust companies. 64.2-1505. Investments that cease to be eligible may be retained. 64.2-1506. Investment in mutual fund affiliated with fiduciary. 26-38 26-39 26-40.01 26-40.1 26-40.2 26-44 26-44.1 PART B. POWERS OF ATTORNEY CHAPTER 16. UNIFORM POWER OF ATTORNEY ACT. Article 1. General Provisions. 64.2-1600. Definitions. 26-73 64.2-1601. Applicability. 26-74 64.2-1602. Power of attorney is durable. 26-75 64.2-1603. Execution of power of attorney. 26-76 64.2-1604. Validity of power of attorney. 26-77 64.2-1605. Meaning and effect of power of attorney. 26-78 64.2-1606. Nomination of conservator or guardian; 26-79 relation of agent to court-appointed fiduciary. 64.2-1607. When power of attorney effective. 26-80 64.2-1608. Termination of power of attorney or agent's 26-81 authority. 64.2-1609. Coagents and successor agents. 26-82 64.2-1610. Reimbursement and compensation of agent. 26-83 18

64.2-1611. Agent's acceptance. 26-84 64.2-1612. Agent's duties. 26-85 64.2-1613. Exoneration of agent. 26-86 64.2-1614. Judicial relief. 26-87 64.2-1615. Agent's liability. 26-88 64.2-1616. Agent's resignation; notice. 26-89 64.2-1617. Acceptance of and reliance upon 26-90 acknowledged power of attorney. 64.2-1618. Liability for refusal to accept acknowledged 26-91 power of attorney. 64.2-1619. Principles of law and equity. 26-92 64.2-1620. Laws applicable to financial institutions and 26-93 entities. 64.2-1621. Remedies under other law. 26-94 Article 2. Authority. 64.2-1622. Authority that requires specific grant; grant of 26-95 general authority. 64.2-1623. Incorporation of authority. 26-96 64.2-1624. Construction of authority generally. 26-97 64.2-1625. Real property. 26-98 64.2-1626. Tangible personal property. 26-99 64.2-1627. Stocks and bonds. 26-100 64.2-1628. Commodities and options. 26-101 64.2-1629. Banks and other financial institutions. 26-102 64.2-1630. Operation of entity or business. 26-103 64.2-1631. Insurance and annuities. 26-104 64.2-1632. Estates, trusts, and other beneficial interests. 26-105 64.2-1633. Claims and litigation. 26-106 64.2-1634. Personal and family maintenance. 26-107 64.2-1635. Benefits from governmental programs or civil 26-108 or military service. 64.2-1636. Retirement plans. 26-109 64.2-1637. Taxes. 26-110 64.2-1638. Gifts. 26-111 Article 3. Statutory Forms. 64.2-1639. Agent's certification. 26-113 Article 4. Miscellaneous Provisions. 64.2-1640. Uniformity of application and construction. 26-114 64.2-1641. Relation to Electronic Signatures in Global and 26-115 National Commerce Act. 64.2-1642. Effect on existing powers of attorney. 26-116 19

PART C. GUARDIANSHIP OF MINOR CHAPTER 17. APPOINTMENT OF GUARDIAN. 64.2-1700. Natural guardians. 31-1 64.2-1701. Testamentary guardians. 31-2; 31-3 64.2-1702. Appointment of guardians. 31-4 64.2-1703. Nomination of guardians. 31-5 64.2-1704. Guardian s bond. 31-6 64.2-1705. Redetermination of guardian's bond. 31-6.1 64.2-1706. When court may appoint temporary guardians; 31-7 bond; powers and duties. CHAPTER 18. CUSTODY AND CARE OF WARD AND ESTATE. 64.2-1800. Custody, care and education of ward; ward's 31-8 estate. 64.2-1801. Parental duty of support. 31-8.1 64.2-1802. Parental duty of support; limited authority of 31-8.2 commissioner of accounts. 64.2-1803. Termination of guardianship. 31-9 64.2-1804. Powers of courts over guardians. 31-14 64.2-1805. Powers of guardian. 31-14.1 64.2-1806. Powers of guardian; transition rule. 31-18.1 CHAPTER 19. VIRGINIA UNIFORM TRANSFERS TO MINORS ACT. 64.2-1900. Definitions. 31-37 64.2-1901. Scope and jurisdiction. 31-38 64.2-1902. Nomination of custodian. 31-39 64.2-1903. Transfer by gift or exercise of power of 31-40 appointment. 64.2-1904. Transfer authorized by will or trust. 31-41 64.2-1905. Other transfer by fiduciary. 31-42 64.2-1906. Transfer by obligor. 31-43 64.2-1907. Receipt for custodial property. 31-44 64.2-1908. Manner of creating custodial property and 31-45 effecting transfer; designation of initial custodian; control. 64.2-1909. Single and joint custodians. 31-46 64.2-1910. Validity and effect of transfer. 31-47 64.2-1911. Care of custodial property; duties of custodian. 31-48 64.2-1912. Powers of custodian. 31-49 64.2-1913. Use of custodial property. 31-50 64.2-1914. Custodian's expenses, compensation, and 31-51 bond. 64.2-1915. Exemption of third person from liability. 31-52 64.2-1916. Liability to third persons. 31-53 20

64.2-1917. Renunciation, resignation, death, or removal of 31-54 custodian; designation of successor custodian. 64.2-1918. Accounting by and determination of liability of 31-55 custodian. 64.2-1919. Termination of custodianship. 31-56 64.2-1920. Applicability. 31-57 64.2-1921. Effect on existing custodianships. 31-58 64.2-1922. Uniformity of application and construction. 31-59 PART D. GUARDIANSHIP OF INCAPACITATED PERSON. CHAPTER 20. GUARDIANSHIP AND CONSERVATORSHIP. Article 1. Appointment. 64.2-2000. Definitions. 37.2-1000 64.2-2001. Filing of petition; jurisdiction; instructions to 37.2-1001 be provided. 64.2-2002. Who may file petition; contents. 37.2-1002 64.2-2003. Appointment of guardian ad litem. 37.2-1003 64.2-2004. Notice of hearing; jurisdictional. 37.2-1004 64.2-2005. Evaluation report. 37.2-1005 64.2-2006. Counsel for respondent. 37.2-1006 64.2-2007. Hearing on petition to appoint. 37.2-1007 64.2-2008. Fees and costs. 37.2-1008 64.2-2009. Court order of appointment; limited 37.2-1009 guardianships and conservatorships. 64.2-2010. Eligibility for public guardian or conservator. 37.2-1010 64.2-2011. Qualification of guardian or conservator; clerk 37.2-1011 to record order and issue certificate; reliance on certificate. 64.2-2012. Petition for restoration, modification, or 37.2-1012 termination; effects. 64.2-2013. Standby guardianship or conservatorship for 37.2-1013 incapacitated persons. 64.2-2014. Clerk to index findings of incapacity or 37.2-1014 restoration; notice of findings. 64.2-2015. When no guardian or conservator appointed 37.2-1015 within one month of adjudication. 64.2-2016. Trustees for incapacitated veterans and their 37.2-1016 beneficiaries. 64.2-2017. Payments from U.S. Department of Veterans 37.2-1017 Affairs. 64.2-2018. Taking of bond by clerk of court. 37.2-1019 Article 2. Powers, Duties, and Liabilities. 21

64.2-2019. Duties and powers of guardian. 37.2-1020 64.2-2020. Annual reports by guardians. 37.2-1021 64.2-2021. General duties and liabilities of conservator. 37.2-1022 64.2-2022. Management powers and duties of conservator. 37.2-1023 64.2-2023. Estate planning. 37.2-1024 64.2-2024. Fiduciary to take possession of incapacitated 37.2-1025 person's estate; suits relative to estate; retaining estate for fiduciary s own debt. 64.2-2025. Fiduciary to prosecute and defend actions 37.2-1026 involving incapacitated person. 64.2-2026. Surrender of incapacitated person's estate. 37.2-1027 64.2-2027. Use of estate of incapacitated person in a state 37.2-1028 facility not limited by provisions relating to expenses. 64.2-2028. Department of Behavioral Health and 37.2-1029 Developmental Services to be notified in certain cases. 64.2-1030. Application to guardians and conservators 37.2-1030 appointed pursuant to 64.2-2115. CHAPTER 21. UNIFORM ADULT GUARDIANSHIP AND PROTECTIVE PROCEEDINGS JURISDICTION ACT. Article 1. General Provisions. 64.2-2100. Definitions. 37.2-1032 64.2-2101. International application of chapter. 37.2-1033 64.2-2102. Communication between courts. 37.2-1034 64.2-2103. Cooperation between courts. 37.2-1035 64.2-2104. Taking testimony in another state. 37.2-1036 Article 2. Jurisdiction. 64.2-2105. Definitions; significant connection factors. 37.2-1037 64.2-2106. Exclusive basis. 37.2-1038 64.2-2107. Jurisdiction. 37.2-1039 64.2-2108. Special jurisdiction. 37.2-1040 64.2-2109. Exclusive and continuing jurisdiction. 37.2-1041 64.2-2110. Appropriate forum. 37.2-1042 64.2-2111. Jurisdiction declined by reason of conduct. 37.2-1043 64.2-2112. Notice of proceeding. 37.2-1044 64.2-2113. Proceedings in more than one state. 37.2-1045 Article 3. Transfer of Guardianship or Conservatorship. 64.2-2114. Transfer of guardianship or conservatorship to another state. 64.2-2115. Accepting guardianship or conservatorship transferred from another state. 37.2-1046 37.2-1047 22

Article 4. Registration and Recognition of Orders from Other States. 64.2-2116. Registration of guardianship orders. 37.2-1048 64.2-2117. Registration of conservatorship orders. 37.2-1049 64.2-2118. Effect of registration. 37.2-1050 Article 5. Miscellaneous Provisions. 64.2-2119. Uniformity of application and construction. 37.2-1051 64.2-2120. Relation to electronic signatures in global and 37.2-1052 national commerce act. SUBTITLE V. PROVISIONS APPLIABLE TO PROBATE AND NONPROBATE TRANSFERS. CHAPTER 22. UNIFORM SIMULTANEOUS DEATH ACT. 64.2-2200. Definitions. 64.1-104.1 64.2-2201. Requirement of survival by 120 hours for 64.1-104.2 statutory rights. 64.2-2202. Requirement of survival by 120 hours under 64.1-104.3 donative dispositions in governing instruments. 64.2-2203. Co-owners with right of survivorship; 64.1-104.4 requirement of survival by 120 hours. 64.2-2204. Evidence of death or status. 64.1-104.5 64.2-2205. Exceptions. 64.1-104.6 64.2-2206. Protection of payors, bona fide purchasers, and 64.1-104.7 other third parties; personal liability of recipient. 64.2-2207. Uniformity of application and construction. 64.1-104.8 64.2-2208. Effective date. 64.1-104.9 CHAPTER 23. PERSONS PRESUMED DEAD. 64.2-2300. Presumption of death from absence or 64.1-105 disappearance; when applicable. 64.2-2301. Distribution of fund when presumption of 64.1-106 death not applicable. 64.2-2302. Appointment of curator when presumption of 64.1-106.1 death not applicable. 64.2-2303. Persons presumed dead; authority of clerk. 64.1-107 64.2-2304. Petition seeking determination of death; 64.1-108; 64.1-110 hearing; evidence; notice. 64.2-2305. Entry of order that presumption of death is 64.1-111 applicable; effect. 64.2-2306. Distribution of property; refunding bond. 64.1-112 64.2-2307. Revocation of determination of death; effect 64.1-113 on previous acts; title of purchasers. 23

64.2-2308. Substitution of presumed decedent in pending 64.1-114 actions; reopening of judgments; effect of judgments. 64.2-2309. Costs. 64.1-115 CHAPTER 24. CONSERVATORS OF PROPERTY OF ABSENTEES. 64.2-2400. Appointment of conservator; jurisdiction and 26-68 procedure. 64.2-2401. Bond; orders as to management of estate; 26-69 support of dependents. 64.2-2402. Proceedings to sell property of absentee after 26-68.1 failure to locate heirs. 64.2-2403. Termination of conservatorship. 26-70 64.2-2404. Expenses and compensation. 26-71 CHAPTER 25. ACTS BARRING PROPERTY RIGHTS. 64.2-2500. Definitions. 55-401 64.2-2501. Slayer not to acquire property as result of 55-402 slaying. 64.2-2502. Property passing by will or intestate 55-403; 55-404 succession; surviving spouse. 64.2-2503. Concurrent ownership with or without 55-405; 55-406 survivorship. 64.2-2504. Revisions and vested remainders. 55-407 64.2-2505. Interests dependent on survivorship or 55-408 continuance of life. 64.2-2506. Contingent remainders and future interests. 55-409 64.2-2507. Powers of appointment. 55-410 64.2-2508. Proceeds of insurance; bona fide payment by 55-411 insurance company or obligor. 64.2-2509. Persons acquiring from slayer protected. 55-412 64.2-2510. Admissibility of judicial record determining 55-413 slayer. 64.2-2511. Construction. 55-414; 55-415 CHAPTER 26. UNIFORM DISCLAIMER OF PROPERTY INTERESTS ACT. 64.2-2600. Definitions. 64.1-196.1 64.2-2601. Scope. 64.1-196.2 64.2-2602. Chapter supplemented by other law. 64.1-196.3 64.2-2603. Power to disclaim; general requirements; when 64.1-196.4 irrevocable. 64.2-2604. Disclaimer of interest in property. 64.1-196.5 64.2-2605. Disclaimer of rights of survivorship in jointly 64.1-196.6 24

held property. 64.2-2606. Disclaimer of interest by trustee. 64.1-196.7 64.2-2607. Disclaimer of power of appointment or other 64.1-196.8 power not held in a fiduciary capacity. 64.2-2608. Disclaimer by appointee, object, or taker in 64.1-196.9 default of exercise of power of appointment. 64.2-2609. Disclaimer of power held in fiduciary capacity. 64.1-196.10 64.2-2610. Delivery or filing. 64.1-196.11 64.2-2611. When disclaimer barred or limited. 64.1-196.12 64.2-2612. Tax qualified disclaimer. 64.1-196.13 64.2-2613. Recording of disclaimer. 64.1-196.14 64.2-2614. Application to existing relationships. 64.1-196.15 CHAPTER 27. RELEASE OF POWERS OF APPOINTMENT. 64.2-2700. Definitions. 55-278 64.2-2701. Right to release. 55-279 64.2-2702. Manner of effecting release. 55-280 64.2-2703. Notice of release; recordation; fee. 55-283; 55-284; 55-285; 55-286 64.2-2704. Right of release not exclusive; interaction with 55-282; 55-286.1; 55-286.2 disclaimer rules. PROVISIONS IN OTHER TITLES 2.2-4519. Investment of funds by the Virginia Housing Development Authority and the Virginia Resources Authority. 26-40; 26-41; 26-42; 26-43; 26-44 25